What is the best investment to make 4 short and long term gain? i just have savings accts.?
Answers:
The stock market is generally more suited to long term investment plans, unless of course you want to become a day trader.
Anthony Robbins used to advocate a system called OPA (Outcome Focused, Purpose Driven, Action Plan) to help you reach your goals. The name was later changed to RPM.
Anyway what that meant was you first of all had an Outcome (Let us say that your outcome is to grow $10,000 into $5Million over the next 15-20 years)
Purpose Driven. This is what will make you strive towards your goal, taking all actions, and not getting discouraged. (This is the dream. What will you do when/if you had $5M.
This is what will kick start your massive action plan, this is what will give you the energy, the stamina, the belief that it is all worth while)
Finally, the massive action plan. What it will take for you to reach your goal, your $5M.
Having studied many investment funds, read books, and followed the financial press, you will rarely find anyone (who has a proven track record) that will tell you exactly what stocks to buy, when to buy them, and more importantly when to sell them.
Most Mutual funds fail to beat the market average, so even if you chose Mutual Funds, there is no guarantee of success.
So what can you do? What is the best way to reach your goal of $5M balancing the amount of risk you are willing to take against the chances of reaching your goal within the next 15-20 years?
Unless you have a crystal ball, all investment systems will lose money some of the time, but a really good system will always have more ‘UP’ months than ‘Down’ months, and the ‘UP’ months will generally return more than the down months will lose.
The one system that I have seen, that has a past record, is achievable, and more importantly is easy to understand is the Stocks Monthly system.
if you have money but don't know where to invest, you can do courses or buy the books. remember: choose the ones that suitable for beginners.
short term gain- invest in a college education or masters program
long term gain- buy a house, no load s&p 500 fund
"Best" depends on your long-term goals, and short-term needs.
One simplified answer is this:
Money for short term needs (under 3 years) should be placed in a high interst cash account like savings, CD, or money market. you should expect to receive 5-5.3% currently on that money.
Money for long term growth should be placed in a few low cost mutual funds. Total Market, S&P 500 wilshire 4500, etc. these should return 9-12% average over the next decades.
For your long term knowledge, you will have to start reading to educate yourself, or find an advisor to help you.
Remember, investing is a long term plan, not get rich quick.
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